Mobile Home Park Details

  • Purchase Method: Cash, Seller Financing, New Loan
  • Cap Rate: 9.5%
  • Property ID: 1155723
  • Posted On: Nov 11, 2019
  • Updated On: Feb 10, 2020

Property Description

32 Mobile Homes on approx 60 Acres! 100% occupied sprawling over 60 acres with plenty of room to expand. Smooth asphalt roads throughout. Each of the 32 mobile homes have their own electric meter, water meter and aerobic septic system. Super low taxes and expenses.

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Park Information

Community Type: All Age
Number of MH Lots: 33
Total Occupancy: 100.0 %
Year Built: 2010
Average MH Lot Rent: $625
Size: 60 acre(s)

Financial Information (Actual)

Gross Income $200,000
Operating Expense $34,000
Net Operating Income $166,000
Expense Ratio 17.0 %
Debt Info

Lot Information

Doublewide Lots: 33

Utility Information

Water: City
Water Paid By: Tenant - Individual Service
Sewer: Septic

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